Which of the following do not serve as a source of data while preparing a cash budget?
A)A sales budget
B)Collection records
C)A budgeted balance sheet
D)A budgeted income statement

Question

Quizplus · Accepted Answer

A budgeted balance sheet shows the projected financial position of the company at the end of the budget period and does not provide information about cash inflows and outflows during the period. Therefore, it is not used as a source of data while preparing a cash budget. The sales budget and collection records provide information about cash inflows, while the budgeted income statement provides information about cash outflows.

Which of the Following Do Not Serve as a Source